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RIAA's Mitch Bainwol Leaves Music Trade Group for Auto Industry; Cary Sherman Named New CEO

The Recording Industry Association of America announces new leadership following Bainwol's move to head the Alliance of Automobile Manufacturers.

As expected, the Recording Industry Association of America (RIAA) announced today that its Board of Directors has named Cary Sherman as RIAA Chairman & CEO, effective September 1, 2011. Sherman succeeds Mitch Bainwol, who has resigned his position to become CEO of the Alliance of Automobile Manufacturers. Sherman has served as RIAA President since 2001, after joining the organization as General Counsel in 1997.

Additionally, Mitch Glazier, who began his career in public policy as copyright counsel to House Judiciary Committee Chairman Henry Hyde (R-Ill.), and has spent the last 11 years at RIAA in charge of the organization's government relations activities, has been appointed Senior Executive Vice President. In this new role he will continue to lead the RIAA's activities on Capitol Hill and assume broader responsibilities as well.

"I'm honored to take on this role at such a pivotal moment for music," Sherman said in a statement. "The industry is now reaching a new stage, with exciting initiatives, compelling legal music offerings, and real signs of progress on a host of fronts.

"The RIAA plays an important role in helping shape public policy in connection with America's music," he added. "Setting the legislative agenda at both national and state levels, working to protect and promote intellectual property in the U.S. and throughout the world, coordinating with law enforcement on both physical and digital theft, and representing the industry in negotiations and before government tribunals to empower new business models and standards --- all of these are vital functions and I look forward to taking them on.

"On behalf of everyone here at RIAA, we thank Mitch for his exceptional service through extraordinary times, and we wish him continued success in his new position," Sherman's statement concluded.

"I leave content that we've set the table for a prosperous future for music," said Bainwol. "Our landscape is radically changed from the one we faced when I joined the RIAA eight years ago. The Internet is the foundation of a new music economy. We've helped to create an environment where new business models can thrive -- with an extensive number of licensed services that allow consumers to experience and consume music in exciting new ways. We've also made significant headway in the battle against unauthorized sites such as LimeWire. We've entered into a new age of partnership with ISPs. And we've established rates and precedents that will ensure greater compensation for recording artists and record companies. The future is bright and the RIAA is in outstanding hands."

"Having worked closely with Cary for this long chapter, I know him to be one of the most talented leaders in the music business," added Bainwol. "He is exquisitely equipped to manage the premier trade group for American music and generate innovative strategies for the entire music sector during the coming years."